Regal Rexnord Declares Quarterly Dividend of $.35 per Share
Thursday, Oct 24, 2024 5:20 pm ET
1min read Regal Rexnord Corporation, a leading manufacturer of power transmission components and electric motors, has announced a quarterly dividend of $.35 per share. This declaration reflects the company's commitment to returning value to shareholders and maintaining a strong financial position.
The dividend, payable on November 15, 2024, to shareholders of record as of October 31, 2024, represents a 10% increase from the previous quarter's dividend of $.315 per share. This increase demonstrates Regal Rexnord's confidence in its financial performance and growth prospects.
Regal Rexnord's dividend growth has been consistent over the past few years. The company has increased its dividend annually for the past five years, with an average growth rate of approximately 10%. This track record of dividend growth is a testament to the company's strong financial performance and commitment to shareholder value.
Regal Rexnord's dividend growth has been closely tied to its earnings growth. The company's earnings have grown at a compound annual growth rate (CAGR) of approximately 12% over the past five years. This earnings growth, driven by increased revenue and improved operating margins, has enabled Regal Rexnord to maintain its dividend payout ratio at a sustainable level.
The company's dividend yield, currently around 0.83%, is competitive with other industrial sector peers. While the yield may not be as high as some other sectors, Regal Rexnord's dividend growth and strong financial performance make it an attractive investment option for income-oriented investors.
In conclusion, Regal Rexnord's declaration of a quarterly dividend of $.35 per share reflects the company's commitment to shareholder value and its strong financial performance. The dividend increase, along with the company's consistent dividend growth and competitive yield, makes Regal Rexnord an attractive investment option for income-oriented investors.
The dividend, payable on November 15, 2024, to shareholders of record as of October 31, 2024, represents a 10% increase from the previous quarter's dividend of $.315 per share. This increase demonstrates Regal Rexnord's confidence in its financial performance and growth prospects.
Regal Rexnord's dividend growth has been consistent over the past few years. The company has increased its dividend annually for the past five years, with an average growth rate of approximately 10%. This track record of dividend growth is a testament to the company's strong financial performance and commitment to shareholder value.
Regal Rexnord's dividend growth has been closely tied to its earnings growth. The company's earnings have grown at a compound annual growth rate (CAGR) of approximately 12% over the past five years. This earnings growth, driven by increased revenue and improved operating margins, has enabled Regal Rexnord to maintain its dividend payout ratio at a sustainable level.
The company's dividend yield, currently around 0.83%, is competitive with other industrial sector peers. While the yield may not be as high as some other sectors, Regal Rexnord's dividend growth and strong financial performance make it an attractive investment option for income-oriented investors.
In conclusion, Regal Rexnord's declaration of a quarterly dividend of $.35 per share reflects the company's commitment to shareholder value and its strong financial performance. The dividend increase, along with the company's consistent dividend growth and competitive yield, makes Regal Rexnord an attractive investment option for income-oriented investors.
Disclaimer: the above is a summary showing certain market information. AInvest is not responsible for any data errors, omissions or other information that may be displayed incorrectly as the data is derived from a third party source. Communications displaying market prices, data and other information available in this post are meant for informational purposes only and are not intended as an offer or solicitation for the purchase or sale of any security. Please do your own research when investing. All investments involve risk and the past performance of a security, or financial product does not guarantee future results or returns. Keep in mind that while diversification may help spread risk, it does not assure a profit, or protect against loss in a down market.
_cbf77e8c1748017079428.jpeg)
